Setting up a sole proprietorship in Switzerland
Before setting up a sole proprietorship, several aspects need to be considered in preparation. We outline the most important points.
The most important steps to take before setting up a sole proprietorship
Define the business name of the sole proprietorship
In the case of a sole proprietorship, the business name must include the surname and may be extended to other factual and fictitious names. However, it must correspond to the facts and must not give rise to deception.
Define the purpose of the sole proprietorship
Before establishing a sole proprietorship, it is necessary to define its purpose in your own words.
Determine the domicile of the sole proprietorship
Before establishing your sole proprietorship, decide where the registered office and thus the domicile of the business should be located.
Is a social capital necessary?
No share capital is required for a sole proprietorship.
Authorization for signature
In order to establish a sole proprietorship, it is necessary to obtain authorization to sign for the firm.
Value added tax
The sole proprietorship is subject to VAT if the expected turnover exceeds 100,000 francs. However, voluntary subordination is possible.
Withdrawal pension funds
If you set up a sole proprietorship, you can withdraw your pension assets early if you can prove that you are self-employed.
Advertising materials
Create company logo, business cards and stationery.
Download the checklist
Download the checklist for preparing for self-employment with a sole proprietorship in PDF format now!
Preparation for founding a sole proprietorship
The decision to establish a sole proprietorship is an exciting step on the road to entrepreneurial success. We want to give you some essential tips to maximize your chances of success:
Business idea and market analysis
Develop a clear and realistic business idea. Conduct a thorough market analysis to understand demand, competition and potential customers. Identify your niche and consider how to differentiate yourself from the competition.
Create a business plan
A solid business plan is the foundation of your company. It should include your business strategy, market analysis, financial projections and marketing plans. A well-designed business plan not only helps you obtain financing, but also serves as a road map for your company.
Clarify the legal aspects
Find out the legal requirements for setting up a sole proprietorship in your country. This includes company registration, registration with the tax office and any industrial licenses. Also think about taking out appropriate insurance coverage.
Securing financing
Plan your finances carefully. Think about the amount of start-up capital needed and how to raise it. This can be through equity, loans or investors. Be sure to always provide a financial reserve.
Accounting and taxes
Set up a solid accounting system from the beginning. This will help you keep track of your finances and simplify tax returns. Consider whether you want to take care of the bookkeeping yourself or hire a tax advisor.
Create a network
Create an active network to make contacts in your industry. A strong network can help you in business development, customer acquisition and problem solving. Take advantage of both face-to-face and digital networking opportunities.
Marketing and customer acquisition
Develop a marketing strategy to reach your target audience. Use various channels such as social media, online marketing, local advertising, and networking events. Focus on building a strong online presence.
Flexibility and willingness to learn
Be flexible and willing to learn from mistakes. The road to success is rarely straight and requires adaptability and a willingness to constantly learn and develop.
Self-management and work-life balance
As a sole proprietor, you are responsible for everything, which can quickly lead to overwork. Be sure to manage your time well and give yourself regular breaks to stay productive and healthy in the long run.
Seek support
Do not hesitate to seek help and advice from mentors, coaches or other entrepreneurs. Starting a sole proprietorship requires courage, commitment and careful planning. With the right preparation and attitude, you can overcome challenges and build your business successfully. Good luck on your entrepreneurial journey!
How can I best prepare for setting up a sole proprietorship?
With the free business plan software, you can easily and conveniently create a business plan for your sole proprietorship. If you wish, you can have the business plan checked by a specialist. Learn more about creating a business plan and developing a successful business strategy here.
Our partner for fiduciary matters is Findea PLC. At www.findea.ch you can easily calculate an online quote for your bookkeeping, payroll preparation, tax return preparation and many other fiduciary services. Findea AG is represented by 10 branches throughout Switzerland.
For this aspect of the start-up process you should definitely consult a specialist. This way you will not forget anything and will not have problems with the authorities. We therefore recommend that you establish a limited liability company through www.startups.ch.
When starting their own business, founders of a company usually have questions about the appropriate legal form, liability, company name, OASI/DI/IPO, business registration, taxes (VAT), and more. Startups.ch experts will provide you with basic knowledge on the most important topics related to setting up a company in the course "Setting up a company the smart way."